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Timestamp: 2025-07-02T18:04:49.677410944+00:00

The research, released by not-for-profit research body e61 Institute on Thursday found the policy as is, doesn’t meaningfully speed up debt repayment, and unfairly benefits students who graduated in 2024.

Instead of a 20 per cent cut to balances, e61 said the relief would be better targeted if Australia’s with student debt were given a flat $5500 cut.

The figure also represents the average amount set to be wiped across all HELP accounts.

e61 said that a $5500 reduction would help 35 per cent of…

The Borrowers’ Forum is being hailed as a milestone in efforts to reform the international debt architecture, supported by the UN and emerging as a key part of the Sevilla Commitment outcome document.

“This is not just talk – this is execution,” said Egypt’s Minister of Planning and Economic Development, Dr Rania Al-Mashat. “The Borrowers’ Forum is a real plan, driven by countries, to create a shared voice and strategy in confronting debt challenges.”

Rebeca Grynspan, Secretary-General of UN Trade and Development (UNCTAD), said developing nations often face creditors as a united bloc while negotiating alone. “Voice is not just the ability to speak — it’s the power to shape outcomes. Today, 3.4 billion people live in…

Wealthier students are set to benefit more from future plans to cut university debt levels than those on lower incomes, research has shown.

Analysis into a federal government proposal to slash HECS debts by 20 per cent found more than half of the financial relief offered will go to the top third of earners.

Meanwhile, the study by the e61 Institute found less than 20 per cent of the measure will flow through to those in the bottom third.

The plan to cut tertiary education debt will be the first legislation introduced by the federal government in Anthony Albanese’s second term when parliament resumes on July 22.

The cuts will be backdated to June, when debts increased by a further 3.2 per cent due to indexation.

The institute’s research…

The CoC initially rejected this proposal, however, reversed its stance in September 2021 after objections from home buyers.

The National Company Law Tribunal (NCLT) has approved Adani Properties’ resolution plans for two HDIL assets as part of the ongoing insolvency process. The approved assets are Project BKC in the Bandra Kurla…

Animal rights activist Tash Peterson and her partner Jack Higgs have kissed their passports goodbye as the couple declared bankruptcy.

The declaration comes after Bicton vet Kay McIntosh won bankruptcy orders against the pair in late April.

The orders followed a messy defamation trial between the activist couple and Dr McIntosh, her husband Andrew and Bicton Veterinary Clinic.

In a dramatic announcement on Instagram late Friday, Ms Peterson said: “We are officially bankrupt and our passports are being taken away from us.”

Mr Higgs said as a result of last year’s trial they “now owe over half a million dollars to a vet clinic”.

“So we’re going to head into a bankruptcy office and we’re gonna officially surrender our…

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